Ventura County Real Estate Recovery and Car Sales

By
Real Estate Agent with 951-290-8588 BRE # 01178979

 

Ventura County Real Estate Recovery and Car Sales


Can Increased Car Sales be the Harbinger of Real Estate Recovery in Ventura County?Car Sales



Low rates and consumer confidence have combined to new car sales that
exceeded last years total by 16%. Used car sales went up 8% from last
year.



David Greiner, president of Greiner Buick-GMC in Victorville said of car
sales, "We are the first item purchased when the recovery starts,"


Greiner said. "You may repair it when things are getting worse. When the
economy starts to recover, you start to make long-term investments."



Factory production of motor vehicles and parts jumped 5.2 percent during July, helped by automakers replacing inventories depleted because of the March 11 earthquake in Japan, according to the Associated Press.



Well, if it is true as David Greiner says and the auto sales are the first item purchased when the recovery starts, then I say it has started here and now! WooHoo!!

Posted by


Sandy Acevedo ~Your Neighbor in Real Estate ~ Whether it is to buy or sell property

                 in Riverside or San Bernadino County, I can help!~

 

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Sandy Acevedo   Cell: (951) 290-8588  BRE #01178979

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Comments (13)

Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Sandy, Buyer confidence is certainly what we need to get that recovery going in the right direction. Good to hear that more cars are being sold in Ventura County.

Aug 22, 2011 02:57 PM
Sandy Acevedo
951-290-8588 - Chino Hills, CA
RE/MAX Masters, Inland Empire Homes for Sale

Hi Jerry, Hopefully buyer confidence in that area will translate to real estate.

Aug 22, 2011 03:17 PM
EC, JF, Double R and Zoey the Cool Cat
Russel Ray Photos - San Diego, CA

And to think that we almost lost General Motors, and we did lose Mercury and some others.

P.S. Now I can say I know someone in Oxnard. I always loved that name. Was there once a decade ago.

Aug 22, 2011 04:06 PM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I will be adding to the car buyers later this year.  My car is about 6 years old and I plan to take on last road trip before the purchase and then go for it.  I'm not looking forward to a car payment again, but I have to have a reliable car with a warranty.

Aug 22, 2011 04:27 PM
Sandy Acevedo
951-290-8588 - Chino Hills, CA
RE/MAX Masters, Inland Empire Homes for Sale

Hi Eric, Yes now you know someone here. Visit again!

Tammy, especially  in real estate, having a dependable car is a must have. What are you getting?

Aug 23, 2011 11:28 AM
David Artigliere
Reading, Pottstown, Norristown, Philadelphia - Collegeville, PA
ARTI Home Inspections, ASHI Certified Home Inspect

These kinds of large purchases have to be good news for the economy... we can stay positive that things will improve!

Aug 23, 2011 11:45 AM
Sandy Acevedo
951-290-8588 - Chino Hills, CA
RE/MAX Masters, Inland Empire Homes for Sale

Amen to that, David. Thanks for reading my post.

Aug 23, 2011 06:32 PM
Donna Yates
BHGRE - Metro Brokers - Blue Ridge, GA
Blue Ridge Mountains

Sandy, I usually cringe when real estate and car sales are used in the same sentence but in this case, it sounds very positive and let's hope that we are beginning to see the economy pull out of the mess.  Consumer confidence is key and jobs are critical to restoring consumer confidence.  In 2008, our country's problem was liquidity, today it's consumer confidence.

Aug 24, 2011 04:48 AM
Kwee Huset
Kwee Huset Realty - Venice, FL
Venice Florida Homes For Sale

Sandy, any kind of sales improvement is good for the economy, at least workers have incomes to pay for their mortgage and prevent foreclosure.

Aug 24, 2011 05:46 AM
Sandy Acevedo
951-290-8588 - Chino Hills, CA
RE/MAX Masters, Inland Empire Homes for Sale

Donna, I know what you mean about the same sentence- funny! You are right about consumer confidence.

Hi Kwee, ~so true~ a good economy fosters public confidence.

Aug 24, 2011 06:27 AM
Kathy Clulow
RE/MAX All-Stars Realty Inc. Brokerage - Uxbridge, ON
Trusted For Experience - Respected For Results

Sandy - any sales numbers that go up are good news for the economy they show signs the economy is recovering despite the clouds in the sky. created by the rain dancing press

Aug 24, 2011 01:19 PM
Sandy Acevedo
951-290-8588 - Chino Hills, CA
RE/MAX Masters, Inland Empire Homes for Sale

Hi Kathy, so true. We need those recovery signs. Thanks for stopping by.

Aug 24, 2011 02:48 PM
Maureen McCabe
HER Realtors - Columbus, OH
Columbus Ohio Real Estate

I wonder how our car sales are doing.  I think commercial real estate is doing better in our area, or commercial construction seems to be starting up, so I hope that it snowballs.

Aug 28, 2011 06:42 AM